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The House Financial Services Committee on Tuesday considered looking into President Trump’s financial ties, particularly those linking him to a bank that had been involved with laundering Russian money.
But Republican members voted “Nyet” on a straight-party line vote of 34 to 26.
They defeated a Democrat-sponsored request to order Treasury Secretary Steve Mnuchin to: “provide certain documents …relating to President Trump’s financial connections to Russia, certain illegal financial schemes, and related information.”
The committee, which deals with banking and money laundering, “will not be spending time and money” on an investigation that already is being touched upon by other congressional committees, said Chairman Jeb Hensarling, R-Texas.
The Senate and House Intelligence Committees and the Senate Judiciary Committee have all been looking at some aspects of Trump interactions with Russians. Hensarling called the effort to launch yet another investigation “blatantly political.”
But Rep. Ed Perlmutter, D-Colo., urged passage of the bill known as a “resolution of inquiry,” a rarely used measure that allows Congress to request documents from the executive branch. He said an inquiry is needed because it’s clear “the president has something to hide when it comes to his financial dealings with the Russians.”
Perlmutter said his “suspicions” have increased in recent days…